“The brushless DC motors market is projected to grow at a CAGR of 9.4% from 2016 to 2021”
The brushless DC motors market is projected to reach USD 8.15 billion by 2021, growing at a CAGR of 9.4% from 2016 to 2021. Brushless DC motors are widely used in manufacturing, medical devices, automotive, and consumer electronic sector. Increased usage of brushless DC motors in automotive sector especially electrical vehicle segment is expected to drive brushless DC motors in Asia-Pacific and North America. High initial cost and requirement of control system can hinder the growth of brushless DC motors market. Also, availability of low quality inexpensive brushless DC motors in grey market can adversely affect the growth of global brushless DC motors market.
“The consumer electronics segment is expected to grow at the highest CAGR from 2016 to 2021”
Based on end user of brushless DC motors, the consumer electronics segment is estimated to be the fastest growing market from 2016 to 2021. Consumer electronic includes digital storage devices, cooling fans for CPUs & servers, vacuum cleaners, and commercial & residential HVAC system. Increasing demand for energy efficient system is expected to drive the growth of consumer electronics segment in brushless DC motors market.
“Asia-Pacific: The largest market for brushless DC motors”
Asia-Pacific is currently the largest market for brushless DC motors, followed by North America, Europe, and South America. Asia-Pacific market is driven by growth of consumer electronics. The market in the Asia-Pacific region is projected to grow at a higher rate, with China expected to dominate the market. Availability of cheap labor and raw materials in Asia-Pacific countries such as China, Taiwan, and India is expected to fuel the brushless DC motors market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 30%, Tier 2- 35%, Tier 3- 35%
- By Designation: C-Level- 10%, D-Level- 30%, Others- 60%
- By Region: North America- 12%, Asia-Pacific- 55%, Europe- 10%, South America-3% Middle East- 11%, Africa- 9%
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2015: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 =
The report provides a picture on brushless DC motors and its types across industries and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, end-user, speed, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Why buy this report?
- The report identifies and addresses key markets for brushless DC motors, which would help suppliers review the growth in the demand for the product.
The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges. The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions.